1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Intelligent Virtual Assistant Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

2. Report Description About IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description Report Description and Highlights Global Intelligent Virtual Assistant Market Overview: Intelligent virtual assistant refers to a software agent based on artificial intelligence, which helps in performing several tasks for an individual. In order to enhance the user interface, it emulates human interaction and is integrated with gadgets like smartphones, tablets, portable speakers, smart-watches, etc. As the majority of intelligent virtual assistants employ online resources for answering user’s queries, they do not work without an internet connection. Some of the widely used intelligent virtual assistants include Google Assistant, Apple’s Siri, Amazon Alexa and Microsoft Cortana. A new research report titled “Intelligent Virtual Assistant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” by IMARC Group estimates that the global intelligent virtual assistant market was worth US$ 2.2 Billion in 2018. The report further anticipates the market to reach US$ 11.3 Billion by 2024, at a projected CAGR of 31% over the forecast period.Intelligent Virtual Assistant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 Request for a free sample report: https://www.imarcgroup.com/intelligent-virtual-assistant- market/requestsamplehttps://www.imarcgroup.com/intelligent-virtual-assistant- market/requestsample Global Intelligent Virtual Assistant Market Drivers/Constraints:

4. Report Description Report Description and Highlights Social media offers marketing platform to the developers for introducing intelligent virtual assistant amongst consumers. This coupled with a strong penetration of smartphones has propelled the market growth. However, the voice recognition is yet to improve amongst several Intelligent virtual assistant technologies. Moreover, its initial price acts as one of the factors impeding the market growth.

5. Report Description Report Description and Highlights Technological advancements have led to a significant shift from analogue to digital technologies in a number of organisations, thereby widening the market opportunities for intelligent virtual assistant. Other factors such as reduced cost of customer service operations and robust dependence on the internet have further resulted in increased usage of Intelligent virtual assistant among the younger generation. For more information, click here: https://www.imarcgroup.com/intelligent-virtual-assistant-markethttps://www.imarcgroup.com/intelligent-virtual-assistant-market Key Market Segmentation: Market Segmentation by Product Chatbots IVA Smart Speakers On the basis of product, the market is classified as chatbots and IVA smart speakers. Chatbot is a computer programme which carries out conversations via textual means. On the other hand, smart speakers are wireless speakers which encompasses a virtual assistant, playing data as and when commanded.

6. Report Description Report Description and Highlights Market Segmentation by Type Rule Based Conversational AI Based At present, rule based exhibits a clear dominance in the global intelligent virtual assistant market. Rule based is followed by conversational Al Based. Market Segmentation by Technology Text Based Text-To-Speech Automatic Speech Recognition (ASR) Others On the basis of technology, the market is segmented as text based, text-to-speech, automatic speech recognition (ASR) and others.

7. Report Description Report Description and Highlights Market Segmentation by Application BFSI Travel Retail Government Education Others Based on end-use, the report finds that BFSI currently represents the largest end-use segment of intelligent virtual assistant market. BFSI is followed by travel, retail, government, education and others. Market Segmentation by Region North America Europe Asia Pacific Middle East and Africa

8. Report Description Report Description and Highlights Latin America On a geographical front, North America enjoys a top position in the global intelligent virtual assistant market, accounting for the biggest market share. North America is followed by Europe, Asia Pacific, Middle East and Africa. Browse Related Report Virtual Reality Headset Market Report: https://www.imarcgroup.com/virtual-reality-headset-markethttps://www.imarcgroup.com/virtual-reality-headset-market Virtual Reality Gaming Market Report: https://www.imarcgroup.com/virtual-reality-gaming-markethttps://www.imarcgroup.com/virtual-reality-gaming-market Competitive Landscape: The market is highly fragmented and surrounded by numerous small and large manufacturers who compete in terms of prices and quality. There is an rigid competition in the market which makes it hard for small players to survive. Some of the leading players operating in the market include:

9. Report Description Report Description and Highlights Microsoft Nuance Communications Samsung Electronics Alphabet Apple Amazon International Business Machines (IBM) Baidu Blackberry Inbenta Technologies

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12. Report Description Report Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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